Due to my health complications which have led to the recent service outage
of XAGATE, I have decided to put my health first and foremost. Additionally, I can no longer support the Ripple Gateway environment after the TrustSetAuth amendment has been created and passed, this change to the Ripple environment opens up the potential for financial institutions and individuals alike to abuse their position of power. FINTRAC, the regulatory body in Canada for financial reports and analysis, has updated their regulations in regard to verifying identities which will put a lot of strain on to the business during this transitional period of the new regulations coming into force in conjunction with my poor state of affairs. With these three pertinent tipping points understood by the community, I have to come clean an state that I recently have mismanaged funds an broke the 45% leverage ratio that was enacted as my internal policy for fiat currency holdings. Therefore, i my game plan going to forward is to:
a. Accept applications from individuals/businesses who have an interest in operating a Ripple Gateway for Canada who may wish to take over the fiat currency portion of the business (and/or the precious metals and cryptocurrency obligations as well).
b. Seeking partnerships with the individuals who are interested at the current residential care facility I currently call my home.
c. Limiting access to Canadian Dollar withdrawals until the lost capital has been re-established.
d. Transitioning out my full time position where I was caring for Ripple as a service provider and open source developer position as I reconsider a new career path such as a social worker or a personal support worker.
Due to the prior failures of singpolyma and jlamothe to profit from Rippleunion, I inherited their business and attempted to break even to no avail. Therefore, I will be operating the Gateway via the forums and via email alone for the time being. Due to poor personal credit I'm afraid that requesting a loan or a line of credit at a financial institution is a definite no go. For these reasons, the Gateway will be entering into a Bankruptcy Protection Plan with its clients under the following specifications until such a time that fiat currency withdrawals can fairly be enabled once again
-The Bankruptcy Protection Plan is in force immediately
-Clients of XAGATE must have made at least 250 quality posts within the Ripple community on either XRPchat.com or here on the Official Forums
-Clients who wish to withdraw fiat currency must write to email@example.com
with the subject line CAD WITHDRAWAL and state
--Date of Birth
--Proof of Identity
--Proof of Residency
Before I happened myself back into the hospital, I made many new connections in thought in regard to one of the best kept secrets in the world known as the Cicada 3301 puzzle. There are two puzzles, the meta puzzle and the completion of the chain of puzzles in and of themselves, I am quite confident that I have solved the former. I have now officially invited Ripple Inc into the fold to assist with solving Stephen's, John's, and my own mess (as my private communication did not garner a response). If Ripple Inc is playing central bank within our community to keep the perceived value high, then there should be no harm in providing a some bail-out XRP in exchange for my change of position to open source developer, the information services I can provide in private to them in regards to the meta puzzle, and continue to attempt to be the Edward Snowden on Financial Markets (well, at least for Ripple).